MSCHE Self Study April 2021

 budget development process, usually in March, April and May  equipment/property control inventory process, usually in September and October. Each area head has access to a Fixed Assets Spreadsheet as they develop their annual budget request, which requests a narrative with linkage to the College’s strategic plan. This spreadsheet includes the purchase date for each piece of equipment, thereby supporting the leadership's proactive identification of future budget considerations. Equipment Acquisition and Replacement Expenditures for equipment acquisition, replacement and upgrading in the areas of academics (teaching and research), patient care, and information technology for the past three years were as follows:

Area

2017 ‐ 18 $43.6K $451.8K $46.5K

2018 ‐ 19 $104.4K $486.9K $287.6K

2019 ‐ 20 $108.2K $443.0K $97.0K

Academics

(not

including

Library or research)

Patient Care

Information Technology

Expenditures for repair and maintenance (excluding salaries) were:

Area

2017 ‐ 18

2018 ‐ 19

2019 ‐ 20

Academics

$10K

$10K

$10K

Patient Care (with EHR) Information Technology

$326.3K

$433.3K $745.0K

$414.4K $673.5K

$1,051.4K

Equipment acquisition and replacement occur through a number of mechanisms:  Capital Projects: Equipment acquisition or replacement can also take place by means of capital building projects. Such equipment must relate directly to the project and may be either fixed or movable. Since beginning capital construction at 33 West 42 nd Street in the mid ‐ 1990s, life ‐ to ‐ date expenditures total $107,027,727. This number comprises design, construction and equipment. Equipment allocation is $4,969,228 of the total. For the 2018 ‐ 19 lower lobby project, equipment expenditures were $458,152 (with $369,128 for academic equipment) and for the 2019 ‐ 20 Pediatric Clinic renovation, equipment expenditures were $244,710 (with $198,529 for clinical equipment).  Routine: Routine equipment acquisition or replacement is handled through the annual budget request submitted by VPs and negotiated with the President and VP for Administration and Finance. Once approved, the VP or designee manages the acquisition or replacement of equipment through their respective budgets.  Extraordinary: If an unexpected equipment failure occurs during the year that imposes an extraordinary cost on a VP's budget, he/she can request budget supplementation from

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